Examples of Working Capital Lower Target in a sentence
There shall be no adjustment to the Cash Consideration if the Estimated Closing Working Capital is an amount which falls on or between the Working Capital Upper Target and the Working Capital Lower Target.
If the Estimated Closing Working Capital is less than One Million Four Hundred Thousand Canadian Dollars (CDN $1,400,000) (the “Working Capital Lower Target”), then Buyer shall reduce the Cash Consideration, as converted to United States Dollars at the then current Exchange Rate, by the amount the Working Capital Lower Target exceeds the Estimated Closing Working Capital (the amount of such shortfall, the “Shortfall Amount”).
If the Estimated Closing Date Net Working Capital is greater than or equal to the Working Capital Lower Target, but less than or equal to the Working Capital Upper Target, then the Closing Date Consideration will not be adjusted pursuant to this Section 2.1(c), but may be subject to adjustment for a Working Capital Underage or Working Capital Overage following the Closing, as otherwise provided in Section 2.3.
Gate control release units mustIntegrate with Honeywell access system Exit Ceiling Sensors: Contractor shall install exit ceiling sensors for PR1,PR2, PR4, and PR5 Push to Exit Buttons: Contractor shall install push to exit button for PR3 andPR6 Key Fobs: Contractor to provide 100 HID Key Fobs for use to opendoors and gates identified above Junction Boxes: All junction boxes shall be installed by building contractor Intercom at New Building: Intercom to be video intercom.
If the Final Working Capital is greater than the Working Capital Lower Target, no adjustment will be made hereunder.